Approved Account definition

Approved Account means an Account representing a sale to a Customer within the terms of a Credit Line established for such Customer on Client’s normal selling terms or within the Single Order Approval issued by Factor provided that delivery is completed while such Credit Line or Single Order Approval remains in effect and such Account has not been charged back to the Client.

Approved Account means (i) each Eligible Account that is a MasterCard, VISA, or Discover account or (ii) any other revolving credit consumer credit card account the inclusion in the Trust of which would not cause a Ratings Event.

Approved Account means an Account subject to an Approved Account Sale.

Examples of Approved Account in a sentence

• Such records will be maintained in such a manner as to show such property and its movements as though they were in a distinct and separate sub-account within the Approved Account.

• The Borrowers shall have entered into Account Control Agreements with all of the Collection Account Banks (other than with respect to the Approved Account at any time prior to the Post-Closing Date) and delivered executed counterparts of each to the Administrative Agent.

• The Administrative Agent has “control” (as defined in Section 9-104 of the UCC) over each Collection Account (other than the Approved Account at any time prior to the Post-Closing Date).

• Each Lock-Box and Collection Account is in the name of a Borrower (other than the Approved Account at any time prior to the Post-Closing Date), and the Borrowers own and have good and marketable title to the Collection Accounts (other than the Approved Account at any time prior to the Post-Closing Date) free and clear of any Adverse Claim, other than Permitted Adverse Claims.

More Definitions of Approved Account

Approved Account means an account that has been verified at BlackBull Markets sole discretion. “Eligible Trades” means the trades included in clause 5.1

Approved Account. An Account representing a sale to a customer within the credit line established for such customer on Client's normal selling terms or within the single order credit approval given by Hellxx xxx orders from such customer provided that Delivery is completed while the credit line or single order credit approval remains in effect and which has not been charged back to Client. "Approved Payment Date" -- The date which is one hundred twenty (120) days after the due date for payment of an Approved Account.

Approved Account and “Approved Accounts” shall have the respective meanings assigned thereto in paragraph 12(b) hereof.

Approved Account means (a) the Operating Account, (b) the Reserve Account and (c) any other deposit account of a Credit Party at a financial institution, which may only be opened upon notice to the Administrative Agent (which notice shall include a description of the proposed use of such account) and so long as such account is subject to a first-priority Lien in favor of the Collateral Agent for the benefit of the Secured Parties subject to no other Liens other than customary liens of such financial institution that are acceptable to the Collateral Agent.

Approved Account means an Account that has been approved by Factor pursuant to Section 2 hereof, to the extent of the dollar amount of such approval, by reason of the fact that the utilization of telecommunications network capacity giving rise to such Account occurred while the credit approval or credit line was in effect.

Approved Account means (i) so long as the election in clause (ii) below has not been made, the account listed on Schedule V to this Agreement or (ii) if elected by the Borrowers in their sole discretion, such other account in the name of a Borrower at Xxxxxxx Xxxxxxx Bank (or another depository institution reasonably acceptable to the Administrative Agent and not prohibited under Applicable Law from receiving Subject Obligor Collections) identified in a writing delivered to the Administrative Agent by or on behalf of a Borrower on or prior to the Post-Closing Date.

Approved Account. An Account with respect to which we have issued a credit approval which has not subsequently been withdrawn.